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Discount

Family Dollar (Low Rent ($9.14/SF))

1991 W Main St, Lutcher, LA 70071

Listing Price: $935,000

Cap Rate
8.50%
Tenant Name
Family Dollar
Years Remaining On Lease
4.7
Gross SF
8,692
Guarantor
Corporate Guarantee
Rentable SF
8,692
Price/Gross SF
$107.57
Lease Type
Absolute Net
Rent Per Square Feet
$9.14

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar in Lutcher, LA. The property consists of a 8,692-square-foot, freestanding building that sits on approximately 1.21 acres of land. There are 5 years remaining on the lease with 10% rental increases at each option.

Investment Highlights

  • Absolute Net Lease With Five Years Remaining
  • Signalized Hard Corner Location on West Main Street
  • Top 20% Nationwide in Foot Traffic (Placer.ai)
  • Low Rent ($9.14/SF) | Low Price-Point ($107.57/SF)
  • Near Lutcher High School (481 Students) & St. James Parish Hospital
  • Strategic Location Between Baton Rouge (40 Miles) and New Orleans (50 Miles)
  • Leading Discount Retailer With Nationwide Presence (8,000+ Stores)

Exclusively Listed By

Discount

Family Dollar (Low Rent ($9.14/SF))

Listing Price: $935,000

Cap Rate
8.50%
Tenant Name
Family Dollar
Years Remaining On Lease
4.7
Gross SF
8,692
Guarantor
Corporate Guarantee
Rentable SF
8,692
Price/Gross SF
$107.57
Lease Type
Absolute Net
Rent Per Square Feet
$9.14

Investment Highlights

  • Absolute Net Lease With Five Years Remaining
  • Signalized Hard Corner Location on West Main Street
  • Top 20% Nationwide in Foot Traffic (Placer.ai)
  • Low Rent ($9.14/SF) | Low Price-Point ($107.57/SF)
  • Near Lutcher High School (481 Students) & St. James Parish Hospital
  • Strategic Location Between Baton Rouge (40 Miles) and New Orleans (50 Miles)
  • Leading Discount Retailer With Nationwide Presence (8,000+ Stores)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Family Dollar in Lutcher, LA. The property consists of a 8,692-square-foot, freestanding building that sits on approximately 1.21 acres of land. There are 5 years remaining on the lease with 10% rental increases at each option.

Exclusively Listed By

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